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Turkmenistan's foreign trade ups 1.5 times, investments -2.5 time over five months of 2009

Business Materials 29 May 2009 16:43 (UTC +04:00)

Turkmenistan, Ashgabat, May 29 / Trend , G.Hasanov/

Investments in the development of Turkmenistan's economy over five months of 2009 increased by 2.5 times, while the volume of foreign trade -by 1.5 times. The volume of exports exceeded imports by 2.3 times. Grown and the average wage is at 11 percent.

Vice-Chairman of the Cabinet of Ministers of Turkmenistan Tuvakmammed Japarov reported on the preliminary results at the meeting of the Cabinet of Ministers. According to him, high rates have been achieved in the production of fertilizers, electricity, cotton, garment and knitwear.

The production of fruit and vegetable, bakery, fish production, increase in livestock and poultry has been observed. Over the five months of the year, the volume of retail turnover amounted to 114.3 percent, compared to the same period last year.

Turkmenistan is a key supplier of natural gas in the Caspian region. The fuel shipments to Russia have been suspended due to accident at the main gas pipeline Central Asia-Center in April 2009.

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